On May 12, 2011, the U.S. dollar was worth 0.70 euros. How many dollars did it take to buy 1 euro?
A. 0.70
B. 1.43
C. 1.70
D. 2.70
Answer: B
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A corporation is a firm owned by
A) two or more owners who have unlimited liability. B) a single owner who has unlimited liability. C) at least 20 stockholders who have partially limited liability. D) stockholders who have limited liability.
Which of the following is NOT part of the current account?
A) Dividends received on a foreign investment B) Purchase of a plane ticket on a foreign airline C) Shipment of food aid to a poor country D) Purchase of a foreign bond E) All of the above.
If the net present value is positive, the present value of the investment's stream of future operating profits is ________ than the present value of its cost and profit-maximizing managers ________ make the investment.
A) less; should not B) less; should C) greater; should D) greater; should not
Consider the following T-account for National City Bank: Assets Liabilities Reserves $10,000 Deposits $100,000 Loans $90,000 If the required reserve ratio is lowered to 8 percent, how much can National City loan out?
A) $10,000 B) $8,000 C) $2,000 D) $0